HubSpot got price target hikes from analysts, following quarterly earnings beat.
On Thursday, the software solutions company posted adjusted earnings of 40 cents per share in the fourth quarter, (vs. 45 cents from the year-ago quarter), which is well above the Zacks analyst consensus of 23 cents.
Revenue surged +35% year-over-year to $252.1 million.
Morgan Stanley boosted its price target on HubSpot shares to $567 from $435. It maintained its overweight rating on the shares.
Mizuho increased its price target to $525 from $360.
Raymond James analyst Brian Peterson upgraded rating on HubSpot shares to strong buy from outperform, and raised his price target to a $725 from $365, citing “impressive," fourth quarter earnings and HubSpot’s higher-than-expected outlook for 2021.
Truist analyst Terry Tillman increased price target to $600 from $455, maintaining a buy rating. His optimism was driven by fourth quarter earnings and first quarter forecast. Tillman mentioned rising revenue, billings and profitability, and also noted the company’s more than 8,300 new customers. He also emphasized that HubSpot generated record net revenue retention, record customer dollar retention and reaccelerating new business.
HUBS saw its Momentum Indicator move above the 0 level on July 25, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of Internet marketing software solutions
Industry PackagedSoftware